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"When will we rise to the occasion as they say ..."
Not sure we will until the dilution has cleared fully and the quiet period is over.
I No troll , just a serious investor ,hence we all know we are in a situation that dosnt make any sense ...
when will we rise to the occasion as they say ...
lets have some constructive post backed with facts pls
@Kev
"Suspicious"
There we go, I know you like to stick a troll hat on me from time to time so I have done my bit to alliviate your suspicions :)
@Rick
"All that was worth taking"
And that's what I really struggle with on these types of boards.
I have given facts and figures as accurately as I can do to explain why I think we will need to raise funds.
If you don't agree with any of the figures then tear the figures and assumption apart, put me in my place, show me a differnt view so I can change my own view if its valid.
Picking up on a typo and implying the post with all the facts and figures (as I see it) is worthless strikes me that you don't 'get it'
Keel in mind, I probably have more invested here than an average PI (TheeDuke and a few others are not average :)).
I have 100% of my Investment pot in here and also 100% of my SIPP. So maybe don't just dismiss the posts out of hand, maybe give it some consideration and tell me why I am wrong.
All that was worth taking.
@Jimbo
We know that the machines won't be on one go, they will be paid for in installments (for the first 'batch')
If they are not all relatively quick then people need to stop using projections on here that we are going to have 200mw up and running soon without any negative impact.
Pluto is interesting and we have a 25% stake, how much do you think we would get if we sold the lot? (not that we should do that as I think it's an avenue of diversification) but if we did, how much do you think we would get?
@Ricky
"What is this word posien?"
Nice one.. But have you not seen how bad my posts are usually for typos as I'm just bashing them into my phone screen.
I'm glad that's what you took away from the post though, good job.
@chuz. You're making huge assumptions that payment for machines will 1) all be in one go and 2) there's no deals to be done.
3) You've forgotten another revenue stream from the future IPO of Pluto and the revenue that will bring in.
What is this word posien?
@intothedeel
"Oh good Chuz is still here banging on about another capital raise and how ARB have no money to pay for machines and conveniently forgetting about the $100 mill loan facility or the 2000 BTC HODL"
I am fully aware of the loan facility, I might even be more aware of Argos position than you as I have looked into it quite a bit, I have also posted about it quite a bit
Please tell me how much it will cost to kit out 200mw of machines.
Again in my previous posts I have calculate it for you but I'm interested in your take on it.
I'll help.. Just a little bit.
S19 Pro 3,250 Watts at around $4000 each
Now don't forget the right amount of digits when your looking at 200 mega Watts
Ill give another clue just incase you forget 3 zeros, easily done, tricky math. That's 61,500 machines.
Now fire up your calculator and bash in $4000 * 61,500 and you should get around.. Umm let's see.. $246 million dollars. So if we use the loan facility that just leaves us $146 million short.. Or more than the entire nasdaq IPO just raised.
But that's OK we can sell all of our hodl (unless they are secured as collateral, but let's ignore that)
So at $55k we just need to sell 2654 bitcoin.. But wait.. We don't have 2654 bitcoin.
But its OK, let's assume that btc goes to 100k yey go bitcoin.. Now we can do it, yes, sell 1460 of our hodl and then we can ignore the fact that we have just taken 146million from the assets pile which will be masdivy harder to recover through mining after the next halving.
The great PW has stated it himself, to raise money we will could
Sell btc
Take on debt
Issue shares
Selling btc to such a level would be bonkers in the btc race,
Taking on a massive loan.. We're talking the use of 246 million in loan would be burdonsom for a long time to come.
Issuing more shares.. 1 off pain that I creases the market cap of the company to allow it to grow but takes a chunk out of the current share price, but should recover with the extra hashrate maybe.
Pick your posien, I know which one I would choose if I was PW.
Of course there are other options such as renting machines or just leasing the capacity and taking a margin.
But in this example, because everyone is focusing on the type of return we will get from 200mw and thus implying we own the machines, I think you can see we might need a little extra pocket money.
Good to see you Lunq !
Too much recency bias/short term focus towards Argo. And Bitcoin too. A growing number of folks online are now calling for $100,000+ BTC and a journey to da moon. Make sense given Bitcoin's recent price action. But rewind back to May/July when BTC was dropping to $30,000 and many had turtle heads popping out from their bumcheeks worried BTC would continue crashing towards $10,000...
Say what what you want about trolls/derampers or whatnot. But they understand a few things: They understand VALUE - preferring to buy an asset when cheap. They have CONVICTION in their investment thesis with a belief the asset they are accumulating will eventually move higher in value. They have DETERMINATION. And most of all they have PATIENCE. Probably some lessons there. Or not. See you on da moon.
Nothing to do now until it hits 79-91p
PW has/can do the rest.
Another miner actually just paid for their new machine order with their BTC HODL. Argo have many options apart from dilution to pay for their machines. On that note, Pluto's investments have continued to rise. Argo's 25% stake is just growing and growing in value.
Lol
Oh good Chuz is still here banging on about another capital raise and how ARB have no money to pay for machines and conveniently forgetting about the $100 mill loan facility or the 2000 BTC HODL
Don't worry I'll fill the void for now..
Everything up.. Except Argo it's the same 110/120p as it has been through the massive BTC uptick.
Shows that a rising tide doesn't lift all boats if the board has had a big hole in it from running it onto rocks.
All this ****** mm do is just increase the spread no matter how much Btc rallies increase the spread make it look like it’s up and at Nasdaq open pull it down again ******s frustration to watch but Patience needed
Suspicious.